Jakarta Composite Index (IHSG) Down Amid Falling Asian Markets
Falling stock indices on Wall Street on Wednesday (04/12) impacted on Asia the following day resulting in the majority of Asian indices being down on Thursday's trading day (05/12), including the benchmark stock index of Indonesia (IHSG). Besides the impact of Wall Street, Asian stock markets are also vulnerable to ongoing concern about the future of the Federal Reserve's quantitative easing program. In the case of Indonesia, negative market sentiments are intensified by the continued depreciation of the rupiah exchange rate.
The IHSG fell 0.58 percent to 4,216.89 points. Both foreign and domestic investors recorded a net sell.
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